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Corolla
Corolla
North Carolina
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2 out of 5 stars based on 0 ratings
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Corolla is an unincorporated community located in Poplar Branch township, Currituck County, North Carolina along the northern Outer Banks. It has a permanent population of approximately 500 people; during the summer vacation season, the population surges into the thousands. Corolla is home to the Currituck Beach Lighthouse, one of the seven North Carolina coastal lighthouses. Previously a quiet and little-known location, a development boom in the 1980s sparked growth in the area, and Corolla has become a popular vacation destination. Resting between the Currituck Sound and the Atlantic Ocean, Corolla attracts mainly beach-goers, especially in the summer months. Besides the beach, Corolla is home to many other attractions including the historic Whalehead Club, Currituck Beach Lighthouse, Center for Wildlife Education, shopping, dining, water sports, and Corolla’s wild horses. Corolla is home to about 119 feral Banker horses. They are located on a 12,000-acre (49 km²) animal sanctuary situated north of the populated areas of Corolla. The Corolla Wild Horse Fund is a public charity whose mission is to protect and preserve the herd. Over fifty thousand people come to see these wild horses every week in the summer months, which makes horses a major tourist attraction and a major economic activity in the area, but also poses risks to their safety.

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Taxes

C+

How did North Carolina earn the grade of C+? We examined the state taxes based on how age friendly they are. North Carolina has a state sales tax of 4.75%. Of particular interest is that North Carolina does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. North Carolina has an effective property tax rate of 0.86%. Weighing these taxes and other taxes most likely to impact the aging population is how North Carolina earned its state tax grade of C+.

Learn more about taxes in North Carolina

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